What to do with $600m? Cargine!

A few people have made mention of Cargine in comments and I’ve been so swamped with newsy stuff (and normal life) that I hadn’t really had time to look at it until now.
The interest was sparked mainly by an article in Swedish publication Ny Teknik, which states that this technology is a prime candidate for further development with the assistance of the government-backed $600m loan that Saab will most likely receive from the EIB. This money has to be used for investment in new technologies that create efficiencies; greening things up a bit.
Cargine’s work involves the development of a pneumatic valve system, which as I understand things makes the camshaft redundant, uses no oil, reduces weight and can increases the engines efficiency. In short, you get more power from the same inputs with fewer emissions.
Christian von Koenigsegg is a Director on the board of Cargine, so there’s your first link. It doesn’t stop there, though. Cargine’s first single-cylinder demonstrator was delivered to Saab for assessment back in 2001 and Saab have been further testing the technology in some 9-5 test vehicles for a few years now.
You can read all about it at Cargine’s website. This sort of stuff, along with things like Saab’s variable compression research, is the sort of things Saab should be involved in. I can imagine that a few of the former Saab engineers from the old days would be grinning from ear to ear at this idea.
In the meantime, here’s a translation of the Ny Teknik article (thanks to Wictor and others!)
(…..and by the way, the headline isn’t accurate. It’s said that Saab will spend that $600m in EIB money over 60 or 70 different projects so Cargine will only get a portion)
Koenigsegg can ask the EIB loans to the air-driven valve
Scanian Cargines air operated valves can be one of the technologies such as new Koenigsegg Group invests in the purchase of Saab Automobile to go through.
New technology (Ny Teknik) can today reveal one of the major technology projects Koenigsegg probably expects to receive development loans from the European Investment Bank, EIB, is the company Cargines valve technology for combustion engines.
Cargines CEO confirms Urban Carlsson for new technologies that “technology can be interesting in this context” but also says that it is too early to make any comments because the contract is not yet ready.
Cargine has since 2003 a joint development partnership with Koenigsegg, who is also a partner in Cargine.
The common goal is to produce an engine with air-controlled valves for Koenigsegg sports car and turn it into an energy-saving green.
– It’s fun on a small Swedish bilbyggare become the first in the world with this unique technique, “said Christian von Koenigsegg in the last year in an interview with New Technology.
According to Urban Carlson, technology is soon completed:
“We do not have much left.
With the help of the controllable valves can be cold air pushed into the combustion process, which lowers emissions of nitrogen dioxide, hydrocarbons and organic carbon. (See working principle as motion graphics)
– Especially in cold starts reduced emissions dramatically, “says Urban Carlson.
If Koenigseggs purchase of Saab Automobile goes through the valve concept can then be used on the new Saab cars, Saab CEO Jan Åke Jonsson wants to launch to save Saab.
The plan includes the completion of four new models, 9-3 X, 9-5 and then in combination and 9-4 X.
Large energy-efficient cars for the premium segment seems to be Saab’s dream plan.
In order to switch to cleaner technologies Saab has applied for a loan of 4, 7 billion from the EIB. The ball to assess the Saab’s business plan and environmental projects is now in the bank.
Cargine also cooperated early with Saab in the development of valve technology. But when you needed money to move on, it became a stop.
“We got no. GM (ed note: Saab’s American owners) said no to the activity basmotorutveckling at Saab in Trollhättan, state Urban Carlson.
According to Jan Åke Jonsson, the ‘capital of the EIB go to 60-70 different projects that are focused on the environment. ”
Last Wednesday, it became also clear that Saab’s creditors agree to forgive 75 percent of the company’s debts. This after the chord determined by the District Court in Vänersborg.
Saab chords reduce by 8 billion.
The remaining debt of 2, 5 billion will be Saab able to pay out of their own cash, promised Jan Åke Jonsson.